St. Landry democrat. (Opelousas, La.) 1878-1894, 1887-06-25
TIE ADVANCE III COFFEE
New York Sun.

and Pearl streets, amt which Is de-
scrihed rs the only Coffee Exchange in
tile country, 200 brokers have shouted
for seventeen mouths with such vignl
that men in London, Havre, Berlin
Amsterdam, aud Rio Janeiro, and in
big cities of America, have heard them
aud listened with profound attention
The sonorons sounds from the brokers
have gradually penetrated to every
home where Brazilian coffee is used
until now. az A cost of the music, the
consumer must nav % cents (and m0reI
pound for his coffee instead of the 81
cents which was the price before the
brokers and their principals started III
to make themselves heard
The history Of the great boom in
coffee dates from ,Iauuary, 1886 when a
number Of the older COFFEE houses were
led 10 believe from reports received
from Rio Janeir0 that there was every
probability that the crop for 1861,
that is, from July /, 1886, to July I,
1887, WUnld be much smaller than that
ot any crop year since 1873 % when
100000 bags was all that Brazil could
spare, and the price for the grade that
is in general use IN this country adj
yanCcd III lower Wall street to 10y cents
Il pound.
In April OF this year New 0rk dnu
iiavrc coffee men decided that there
bad been a bic enough advance to dis
count all chances OF a short crop for
lSS6-S1, and sold out. They were led
to tins determination 10y reports from
Rio ,1anclrO which clearly demnustra-
ted that many ot the predictions Ic-
gardlDg Il Sho1t crop had been exaggg-
rated They have remained al0of from
IN. hIJ III side t,NPtnt tNI the IN =
incident to the daily Speculatious on
the exchange. II would appear that
their action III retiring was juStltieu by
the actual receipts at Rio Janplrn. Up
to jane l, one month only remaining of
the crop year, the receipts were J,763,-
600 bags, or an average OF 4S0,350 bags
Il month, and IT the same average Is
continued for this month, this year 6
crop will be 693, $50 bags larger than
the last crop.
In the fifteen months these New
York and Havre men we've at the helm
they traded III millions OF bags on the
Coffee Exchange and the SESSIONS of
The Exchange rose IN Importance lHrdly
second ~ those of The New York
Stock Exchange. 1t is Saih that they
cleared y cents pound net profit on
al their transactions, and that $1,000,
900 viii fairly represent The tUtat gains
of the three big New orli firms men
tloned and their liaVIc brethren.
Then popped up what Is now known
rs the Brazilian syndicate. 1t is com
posed OF spectators and commission
unu>rs IN Brazil and their representa-
tives in tho city.
Tue BRAZILIAN syndicate p"oh-r"ohr'}
the New Ork and Havre men for get
ti,ttr M amt he az rIln
ported receipts even up to April de-
ctared ii to be their firm belief that III"
crGp certainly wouldn't exceed ; 900 600
bags. They flung into the Exchange
huylng orders for 100000 bags at time,
and boosted the plicc to IS cents ii
pound, they were assisted III their
rt1nits by the following of a large cen
InEent of speruato's from all the
down town Exchanges, and after Il
momrnIary halt at ~ cents the rise Was
continued, untIi on FRIDAY Il cents WAS
reached. Ga the way up TO - cents
ptolltS were cautiously c"iFaird, bur
Yesterday 1t was computed that Arnold
X Co. are still carving 100000 bags
William Scott, Son q 20. 3OO,OOo bags,
and henry Hentz 2oO,0OO bags tor the
BraZitltn SNndlcate. One OF the solid
mrn OF the Exchange sad yesterday
The brazltlan fellows are still the
malh>thy OF the market Prior 10 the
eighteen cent deal they made money,
but they are now carrying heavy load
OF coffee, with nobody to take II off
their hands at these prices. The New
\ Ak spectators and the HavIe men
will not relieve them OF their burden,
and the outside speculative element
viii not venture IN at these high prices.
Think OF 1t! Coffee, since January
1856, has gone up over 2Oo per cent. 1t
then cost - bag, figuring on the
grade III general use. 1t is now $50 a
bag. The situation looks dangerous,
and many OF Us think that the Brazil
fellows are sitting over so many kegs F:
81 powder
y highly interesting tact is that
present. crop OF brazilian coffee cost
ana oellcFe me Americans
more than anybody else, SI5,O00,0 900 /
more than was pad tor the crop Of +
LoSo-Sb. he dangerous condition of .